The Definition of a RURAL TEA:
- An area not located within a metropolitan statistical area (MSA) as designated by the Office of Management and Budget;
- Or the outer boundary of any city or town having a population of 20,000 or more based on the most recent census.
What does a rural TEA mean for industry professionals and investors?
The RIA Act of 2022 created a unique set aside for areas designated as RURAL.
A project that is located in a rural TEA qualifies for priority processing of Form I-526 by United States Citizenship and Immigration Services. These investors will qualify for set-aside visas from the rural TEA classification, which makes up 20% of the yearly allocation of EB-5 visas.
SOUTH DAKOTA ECONOMY: The current-dollar gross state product of South Dakota was $39.8 billion as of 2010, the fifth-smallest total state output in the U.S.
The service industry is the largest economic contributor in South Dakota. This sector includes the retail, finance, and healthcare industries.
RURAL TEA COUNTIES IN SOUTH DAKOTA:
- Aurora
Beadle
Bennett
Bon Homme
Brookings
Brown
Brule
Buffalo
Butte
Campbell
Charles Mix
Clark
Clay
Custer
Codington
Corson
Davison
Day
Deuel
Dewey
Douglas
Edmunds
Fall River
Faulk
Grant
Gregory
Haakon
Hamlin
Hand
Hanson
Harding
Hughes
Hutchinson
Hyde
Jackson
Jerauld
Jones
Kingsbury
Lake
Lawrence
Lyman
Marshall
McPherson
Mellette
Miner
Moody
Oglala Lakota
Perkins
Potter
Roberts
Sanborn
Spink
Stanley
Sully
Todd
Tripp
INTERACTIVE RURAL TEA MAP
